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Volkswagen’s Electric Car Stacks Up Well Against Tesla in UBS Teardown

  • Automaker’s common shares surge to pre-diesel scandal levels
  • UBS says if Tesla is the new Apple, VW may be the next Samsung
Volkswagen ID.3 electric automobiles
Volkswagen ID.3 electric automobilesPhotographer: Krisztian Bocsi/Bloomberg
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A teardown of Volkswagen AG’s first dedicated electric vehicle found it measures up favorably to Tesla Inc. models in several key aspects, sending the German carmaker’s shares to levels last seen before its diesel emissions scandal.

The deep dive into the ID.3 by UBS Group AG analysts found the platform underpinning VW’s EV models will be fully cost competitive with Tesla and boast best-in-class energy density and efficiency. Analysts led by Patrick Hummel called the car “the most credible EV effort by any legacy auto company so far.”